Fund Evaluator:

Hood River Small-Cap Growth Retirement Overview

Hood River Small-Cap Growth Retirement (HRSIX) is an actively managed U.S. Equity Small Growth fund. Hood River Capital Management launched the fund in 2017.

The investment seeks long-term growth of capital. The fund, under normal market conditions, invests at least 80% of its net assets plus any borrowings for investment purposes in common stocks of U.S. corporations that are judged by Hood River to have strong growth characteristics or to be undervalued in the marketplace relative to underlying profitability and have a market capitalization which, at the time of purchase, is consistent with the capitalization ranges of the S&P SmallCap 600® Index and the Russell 2000® Growth Index ("small-cap companies").

About Hood River Small-Cap Growth Retirement (HRSIX)

There are 2 members of the management team with an average tenure of 20.52 years: David Swank (2009), Brian Smoluch (2003). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. Hood River Small-Cap Growth Retirement has 111 securities in its portfolio. The top 10 holdings constitute 32.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Hood River Small-Cap Growth Retirement is part of the Equity global asset class and is within the U.S. Equity fund group. Hood River Small-Cap Growth Retirement has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.2%. There is 2.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.1% (0.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Hood River Small-Cap Growth Retirement has 3.1% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $424 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HRSIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hood River Small-Cap Growth Retirement expense ratio is high compared to funds in the Small Growth category. Hood River Small-Cap Growth Retirement has an expense ratio of 0.97%, which is 17% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Hood River Small-Cap Growth Retirement has a portfolio turnover rate of 102%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.

Recently, in the month of August 2026, Hood River Small-Cap Growth Retirement returned 0.7%, which earned it a grade of C, as the Small Growth category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Hood River Small-Cap Growth Retirement has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Hood River Small-Cap Growth Retirement Grades

Year to date, the fund has returned 20.1%, 5.7 percentage points better than the category, which translates into a grade of A. The fund has returned 37.2% over the past year (grade of A), 29.4% over the past three years (grade of A) and 12.5% per year over the past five years (grade of A) and 17.9% per year over the past 10 years (grade of A).

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